Submitted by Hardscrabble Farmer
Meet a student-loan borrower with $101,000 in debt who doesn’t have ‘any hope’ with Biden’s new plan for loan forgiveness: ‘I’m never going to be able to pay it down’
- Jarrett, 38, has $101,000 in student debt and was hopeful for Joe Biden’s loan forgiveness.
- But after the Supreme Court struck Biden’s plan down, he isn’t feeling hopeful.
- He told Insider he didn’t think Biden’s new plan for relief would deliver for borrowers.
Jarrett, 38, isn’t feeling too hot about President Joe Biden’s new plan for student-loan forgiveness.
After graduating with an undergraduate degree during the 2008 financial crisis, Jarrett — who requested his last name be withheld for privacy but whose identity is known to Insider — was laid off from his job. He decided pursuing an MBA would make him more appealing to employers, so that’s what he did, and he graduated with his advanced degree in 2012 with the help of student loans.
But Jarrett said the degree didn’t pay off as intended. For years after graduating, he struggled to find steady employment and placed his initial student-loan balance of about $60,000 on forbearance. During that period when he was not making payments, interest was still growing, and it surged his balance to about $80,000.
Now, Jarrett’s student-debt load is just over $101,000, according to documents reviewed by Insider — and he doesn’t see himself ever paying it off.
“I’m never going to be able to pay it down,” Jarrett told Insider. “The interest rates on them have put me in a trap where it is literally impossible to do. The interest is accumulating faster than I can put any money down on it, making it impossible to get out from under if you’re not being compensated at a much higher level than I’ve had.”
Jarrett now works in the energy industry and earns five figures. He said he felt “fortunate” to be able to live reasonably on his salary during the student-loan payment pause — but that could all change soon when payments resume in October without Biden’s broad student-loan forgiveness. At the end of June, the Supreme Court struck down the president’s plan to cancel up to $20,000 in student debt for federal borrowers using the Heroes Act of 2003, which allows the education secretary to waive or modify student-loan balances in connection with a national emergency like COVID-19.
Shortly after the high court’s ruling, Biden announced a new strategy: His Education Department would pursue using a 1965 law — the Higher Education Act — to try to get relief to millions of borrowers. The department said that this process would take a lot longer than the first time around and that borrowers would have to resume payments in October without relief. To give borrowers some leeway, the department announced a 12-month “on-ramp” period once payments resume during which those who miss payments will not be reported to credit agencies, but interest will still accrue on borrowers’ balances.
“Once I start having to make payments again, that’s going to eat into a considerable amount of my ability to save up or put money towards a car, or anything along those lines,” Jarrett said. “I’m going to be heavily impacted, for sure.”
And the uncertainty surrounding when — and if — borrowers will get broad student-debt relief only makes matters worse.
‘I don’t have any hope’
Biden has expressed confidence in the legality of using the Higher Education Act to cancel student debt, as the law’s text says the education secretary can “enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand” related to federal student debt.
“This new path is legally sound,” Biden said during remarks after the Supreme Court decision. “It’s going to take longer, and in my view is the best path that remains in providing for as many borrowers possible. But I’m directing my team to move as quickly as possible on the law.”
The law requires the administration go through a negotiated rulemaking process, during which it has to hold public hearings and solicit feedback on the plan — a process that could take months, at minimum. Jarrett isn’t holding out hope that the plan will come to fruition anytime soon.
“I don’t have any hope. I don’t think it’s enough,” Jarrett said. “I don’t think anyone in power really fully grasps what student debt is doing to the country in general. And some vague speech about how they’re going to start exploring this new route, it just does nothing for me. It doesn’t feel like he’s being anywhere near as proactive as I think we need him to be on this issue.”
Some Democratic lawmakers are also pushing Biden to go further on relief. Rep. Alexandria Ocasio-Cortez, for example, urged Biden on CNN to pause interest during the 12-month “on-ramp” period, and Rep. Ro Khanna has called on Biden to extend the student-loan payment pause until borrowers get broad relief, even though the debt-ceiling bill Biden recently signed into law codified the end of the payment pause.
Biden has yet to publicly comment on any of those requests, and the Education Department said “the Secretary has directed his staff to explore policy options for debt relief that will help as many people as possible.” Still, Jarrett said his confidence level was “extremely low” that he’d see relief in the near future.
“I think everything that Biden’s shown in his actions is that he isn’t really prepared or willing to make a major step to relieve people’s issues,” Jarrett said.
“The $10,000 or $20,000 initial debt forgiveness wasn’t anywhere near enough for me,” he added. “And I know it’s not anywhere near enough for millions and millions of people. It just signals to me that he’s not willing to actually address the issue because I don’t think his previous plan adequately addressed the issue. And I certainly don’t think that what he’s doing now is going to address the issue either.”
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Cry me a river. My wife’s brother was born with a congenital heart defect in the 50s. He had heart surgery and died. My father in law paid every dime of the medical bills AND raised his 3 other kids by working 2 and sometimes 3 jobs. Took him 10 years, but he paid every dime.
Not only are today’s younger generations whiners, they are without honor or ethics. They lack integrity and are phony. See:
I guess I should cut them some slack, they learned this behavior from the elite/pols/media. Oh yea, in “school” also.
I hope they enjoy the world they are going to have to live in.
So happy and lucky to have lived when I did.
And the beauty of these failed generation(s) is that 99.9% of them cannot run 2 miles to save their life, cook their own meals, patch their own clothes, kill an animal for food (let alone dress it), or field strip and clean a firearm (let alone shoot one).
These are the people that will load themselves into boxcars at the government’s direction.
Most probably took the clot shot because they were told to do so.
It’s the very smell of epic.
Sorry to hear of your passing.
“So happy and lucky to have lived when I did.”
Don’t feel bad for adults that made poor decisions, signing on the dotted line without thinking about the consequences.
It’s not the taxpayers responsibility to bail out his personal finances.
Climate change denier!
remember ‘Obama’s gonna pay my mortgage and rent! Gimme a phone! Health insurance! (aka free healthcare). Those kind will love the Great Reset where they still own and have nothing except what is given and granted to them by their loving government.
Look at the mentality of the illegal invaders. Staying in 5 star hotels, given everything and they want more free stuff, it just isn’t enough. Complain, complain, complain. Better wi-fi, specific foods, clothes, transport, phones, entertainment (xbox etc) and housing.
Jet plane rides to the red states to change the voting there!!!
“You will own nothing — not even your chains.”
Oh, and that “and you’ll be happy” part? Yeah, we’re still laughing about that.
State college tuition on average, circa 1975, was $200/semester. My MBA at Bama, 1974-76, was $350/semester. Multiply by 6-7X for infltion vs. what is charged now. That summarizes the Student Debt Fiasco.
This is America now….anything that people must have will go up in price infinitely. Housing, healthcare, food, education, cars/travel etc.
They will soon be charging for the air we breathe
I passed on the 9 dollar mayo and got the mustard instead.
Catching a favourite brand (OK Hellman’s) on sale or not because Auntie’s taste buds and budettes appreciate it, a lot.
(WEPH special Lumpen brand “mayo” will be a variation of K1lz primer with some special WHO and USDA /CDC approved “additives” ffrom FFizer, comrades.)
And, yet, no one is willing to even mention the effects on every facet of the lives of We The People Of The United States that the 45+ million illegal aliens present are causing … jacking up the prices of every last item in our Nation … including the local, State and Federal taxes to pay for their disastrous presence here for generations on end.
I’m guessing my BA degree in the 70’s cost about $10,000 including housing.
Try 50 times that cost, not 6 or 7 times, 50 times.
Avg MBA over $60,000 for a two year program, $15,000 per semester, not $2100.
All other costs increase as well.
The real problem is that the value of the degree drops the more people get those degrees — degree inflation.
Getting most degrees these days is all downside and no upside from a financial standpoint.
20 years in the cube farm showed me the value of a degree.
If on the first day a new hire decorated their cubical with their “papers”, I knew they were going to be half-assed at anything they do and won’t last as employees. Insecure and incompetent people need to display their paper to show that they are officially educated. Otherwise few would assume they were.
Secure and competent people simply display they know what they are doing by their actions. Papers not required.
I don’t need no stinkin’ badge!
I just tacked my submariner dolphins to the wall by my desk. The only cred I need to display.
That’s college in general. I think I’ve read that people are much better off (and this isn’t Mike Rowe speaking) getting into a menial job and learning a real skill and developing it until you’re so good at it, people can’t afford not to hire you and pay the premium.
I remember those days well. 1975. A full load of classes (16 quarter credit hours) was $155 at my State college. You needed 192 credit hours total to graduate with a B.A.
I tried to get a degree in Partyology. I had to settle for a degree in Mass Communications. Close enough!
Non-whites must have their debt erased. They need extra help to function in societies built by whites.
The low IQ crowd (and they come in all colors — they just happen to bunch up a lot closer in the browns and blacks) THINK they only want fairness. They literally do not understand the big fuss about subjects like math, physics, chemistry, and engineering. They are too slow to realize how those subjects are the backbone of the technological world built by White people. They believe that a person who talks a good game can design an airliner just as well as someone “who did good with all those numbers!”
I would support canceling the debt of my fellow Americans as long as the debt was transferred to the Universities and not to the taxpayers. Let them pay for their failure to educate students and create viable employees.
Harvard has a $40billion endowment; let them be on the hook for turning out graduates with useless degrees.
How much do you want to bet that every one of these whiney A$$holes voted for Biden? How many will vote for him again? Probably all of them. Liberal idiots never learn.
And WHY did students rack up such high tabs? On the promise of corporations to HIRE THEM. Corporations the likes of the makers of Bud Light and the owners of Target and Disney. All in the toilet.
An entire generation of parents just dropped the ball and said fuck it, this is fine.
In understanding how we got here, we can predict with high confidence where it all ends. Spoiler alert:
It gets much worse from here. We’ve got our fingers in every pie on the planet, so it isn’t going to be some stand alone civil war or revolution…or even coup. There’s an entire pissed off world out there eager to eat our ass the moment they smell blood in the water…and there’s blood in the water right now.
I don’t think that parents dropped the ball.
As you well know, you get more of what you reward. Heap rewards on the trannies and soon enough you’ll have a sea of them. That said, the rewards are all geared towards keeping people as infants until the age of 30 or so. This is done by never-enough education. Keeping children on the parent’s insurance until the age of 26 and making housing so unaffordable that young men are forced to live at home (while remaining virgins – a full third of them).
70% of this student loan debt is owed by women – women that were told that a useless degree would make them “boss babes” and that they’d strike it rich with plenty of time to start a family once they turned 38.
All of this is failing miserably and a great reset is coming but not the one the WEF thinks.
My 38 yr old has four sons.
“According to Dr. Robert Epstein, adolescence is an artificial construct of recent vintage, unknown in earlier times or indeed in many parts of the world today. The creation of this category, and the assumptions that inform it (by state and society alike) have harmed young people, he argues, and are responsible for the anxiety and angst we associate with the teenage years. These problems are not evident in cultures that lack this category. We explore Dr. Epstein’s thesis and book in today’s episode.” ~ Tom Woods
“Adolescence is a relatively recent thing in human history — a period of years between the constraints of childhood and the responsibilities of adulthood. This irresponsible period of adolescence is artificially extended by long years of education, much of it wasted on frivolities. Tenure extends adolescence even further for teachers and professors.” ~ Thomas Sowell
WOW! A lot of things come to mind to tell poor Jarrett.
The first is: think about how the mass “vaccination” (bioweapon countermeasure) is impacting hundreds of thousands of Americans saddled with ungodly medical bills and loss of wage earner income because of death and disability for being duped and coerced by their own govt into taking that fucking poison. How about a family of 5 loses its primary income earned (usually dad). Dad is dead or sick/disabled and can’t work, with medical bills out the wazoo.
There are a million scenarios out there, not unlike the example given.
Jarrett, who took out the loans? Did you do any due diligence before going into such debt. You are college educated aren’t you? You expect the family above drowning in medical bills to help pay off your loans? God, I hope you’re not that fucking stupid and self centered…
Anyone can come up with a million scenarios why nobody should pity dumb ass Jarrett.
Sympathy? I got none buttercup.
From the article-
After graduating with an undergraduate degree during the 2008 financial crisis, Jarrett — who requested his last name be withheld for privacy but whose identity is known to Insider — was laid off from his job. He decided pursuing an MBA would make him more appealing to employers, so that’s what he did, and he graduated with his advanced degree in 2012 with the help of student loans.
Jarrett now works in the energy industry and earns five figures.
Clearly didn’t get a math degree. Spend six figures to make five figures, pay nothing for 15 years while interest accrues.
He must be the guy who is trying to replace gas motor vehicles with electric.
Math or no math degree, when you owe $60k and stop making payments, interest kept adding to the tune of $20k increase. Then add more debt, he’s a liberal idiot!
Liberidiot?
Don’t worry; all of the “whore Cunts” with N-counts of 50+ at 25; who have ran up 200K in student loans, so they could get a degree in lesbian tech communications; will all be lining up for that trophy guy at 28 or so. Problem is, you must be 6’2”; have a $250K salary; low 7 figures net worth; drive a “cool” car; like kids; love your sister and mother; support feminism; and own at least a $500K house.
All this so that you have “a shot” at dipping your wick in a completely blown-out size 18+ sweat-hog vagina. And, she will expect you to marry her and support her “till divorce do you part”!
Jarrett, dearie, Auntie’s feelings on the matter:
You can count me in, too, Auntie …
Dipshits signed the loans, now they want to not honor them? POS.
I don’t care if they were too stupid to understand the burden. I don’t care if things didn’t go as they planed. That is life, suck it up and pay what you owe. You signed the papers.
BTW, if they really want to skate on the debt, pretty sure an entirely new identity would cost less than $101K. I don’t support doing this, but in a totally corrupt world, where the well connected do far worse every day, I would not say it is “wrong” given the way the world currently works.
If a person is so dumb as to get themself into this type of situation, they are too dumb to think about finding a new country to live in and starting from scratch.
Why … it’s as if Jarrett thinks he’s an illegal alien that just invaded the US … what with all of his demands for stuff.
Send him back across the border … if only we could.
Easy solution really. Just offer jarrett the option of either paying off the loans, or going to defend ukraine for one week on the front line, and on completion his loans will be completely forgiven.
I think its a reasonable offer.
The time required for deployment to Country 404 is one year.
You break it; you bought it; you own it. You pay.
Student loan forgiveness program.
Abandon your name.
Leave uSA then re enter illegally.
Use a new name on all your new documents
Use temporary fingerprints when getting your driver license.
Voila.
Debt free do over.
Tell me about these temporary fingerprints, I may have a use or two for them.
https://www.vice.com/en/article/yp3nzb/i-replaced-my-fingerprints-with-prosthetics-to-avoid-surveillance
A most positive development.
Finger prints for drivers license?
If you have a drivers license now, your face has been scanned and is in the database (facial recognition), probably in the national “RealID” system too. So, you and I are properly fucked. Just having a face is now the mark of the beast. So best of luck exiting and reentering as a wetback. You’d be better off just isolating on a remote homestead in the middle of fucking nowhere, where it would not be worth the effort to harass you. But we know the tyrants can’t help themselves either.
Interesting comment…your very own face is the mark of the beast.
Damn
Can’t pay it down if you are out protesting instead of working.
Can’t pay it down even if you are working.
Everything used to be different. And I’m not younger generation. Everything used to be different – EVERYTHING. I remember. I’m end of boomer, and I fucking remember. I could write several paragraphs of historical facts and numbers and the bygone social contract – not .gov, but social . . . but suffice it to say:
EVERYTHING IS DIFFERENT NOW.
I’m doubting this is in depth. For one, it doesn’t tell you that student loans are not easily discharged in bankruptcy court. That’s the worst thing about them.
https://www.bankrate.com/loans/student-loans/history-of-student-loans/
Debtor has to prove that he would live basically in poverty in order to get it approved. The court decides if the debtor has adequately proven he can’t ever pay without living in poverty. I haven’t heard of anyone doing this successfully but I suppose it’s possible. Plus you have to hire a bankruptcy attorney.
https://www.justice.gov/civil/page/file/1552681/download
Many times the kids take out the loans and don’t use it to pay off the college tuition. How did the complainer rack up 100k in debt for an MBA? Something smells fishy to me. Where did he go to college? Harvard?
My grandson is talking about student loans. He is going to a community college and the tuition is cheap. We can help him if he pitches in and are telling him to avoid them like the plague because they make you a debt slave and they are a huge scam. This where they get you. Kid can basically take on the loan without a co-signer. He may be eligable for Pell grants and/or scholarships but he needs to do the legwork.
“Plus you have to hire a bankruptcy attorney.”
Well hell, just take out another loan. An old friend had to do the bankruptcy thing a while back. Within 6 months he was getting pre-approved credit card applications.
How did the complainer rack up 100k in debt for an MBA? Something smells fishy to me
He racked up $60,000.
The usury ran it up to over $100k.
Says so.
In the article:
For years after graduating, he struggled to find steady employment and placed his initial student-loan balance of about $60,000 on forbearance. During that period when he was not making payments, interest was still growing, and it surged his balance to about $80,000.
Now, Jarrett’s student-debt load is just over $101,000, according to documents reviewed by Insider — and he doesn’t see himself ever paying it off.
The ability to cancel student loans in bankruptcy was a late reaction to the large numbers of folks filing for bankruptcy immediately after graduating … especially MDs and lawyers.
They screwed the system … now the future folks have gotten punished.
Time to call out the other end of the guys that made HUGE money off the student loan idea.
ALL the universities that loaded up on the cash inflow and hired more staff to add to their bloated bureaucracies. For anyone interested, look at the monstrous endowment holdings of any of these bloated bureaucracies.
The staff of the universities were properly singled out in the old book that needs to be reviewed frequently, “The Peter Principle”
fuck that brown turd. no one forced her to borrow money, now its time to pay it back.
Screw these snowflakes. They are not owed a single dime of my tax money. I accrued significant debt (at much higher interest rates) through undergrad, grad school, and medical school. Had to put off any major purchases for a long time, but paid back every penny I owed. These whining infants pursued bullshit degrees, partied extensively, and gave no thought to repayment of their debts, and now they demand “someone else” has to pay off their loans!? Pedo Joe’s plan is not legal, ethical, or moral. Perhaps he should kick in all his ill-begotten influence peddling gains to appease a few of these no-information democrat voters. I won’t hold my breath on that one.
If it is literally mathematically impossible for you to pay it off then you CAN get it discharged in a bankruptcy court. Pretty sure one would need an accountant to do the math.
The whole “College Experience” is a racket. In the 70s/80s you either lived in a shitty small dorm room, usually shared or a dumpy house or apartment that made Animal House look like the Taj Mahal.
Not today. All those little dorms are being replaced by spacious new buildings. High buck multi-story LUXURY apartments are going up where those dumpy houses and apartments once were. The Rent on-campus or off is stupid.
So you have high tuition AND high rent.
And you can use loans to pay for both.
They WANT you in debt.
All the education in the world will not and cannot fix STUPID!!!
If the GOVERNMENT wasn’t backing these loans or making them directly……would this be happening???
No
“Forgive all student loans!”
After all, subsidizing ignorance and deceit always works out well, right?
I had an outstanding loan balance of 2 k in the 1990s and a judgement for 600 dollars of dorm damages from Suny Oneonta these fuckers made my life hell and it didn’t stop till I paid it all off. Fuck these little cunts and their 100 k of debt can you imagine the stupidity of these people to take on that debt for a worthless degree.
try working, see what they take, how they make worthless what they leave and then you will understand two things: 1) never trust any govt, and 2) you need to wise up.
And I’d like some “debt relief ” from the pile of taxes the Feds and the State demand.
Anyone see the Jo/Ho administration working on that? Didn’t think so.
Now these pricks want a pass to add more to the 32 trillion dollars in current debt, and the couple hundred trillion dollars in unfunded future debt? Of course Joe and his clan don’t give a damn, they are set for life.
Why spend a fortune to then let someone else be the boss of you?? To tell you what you’re worth? To tell you when you can take time off? To tell you your schedule? To tell you when you can get a raise? To tell you to get the jab or else? To tell you to attend diversity training because you’re too racist? Makes ZERO sense.
Think different.
https://monticellocollege.org/
And here we find ourselves in total agreement.
Job is just another word for servitude.
And yet, the path to a decent lifestyle is to be of service to others, somewhat lucratively.
Piling up a huge net worth isn’t what most are capable of, or really necessary to live comfortably.
Ultimately, we are all in business for ourselves. In service, with effort.
Be it physical or mental, or a combination of both.
Working for others means someone else cuts the check, but, those who work day in and out do so to better their lives. Providing a product or a service that’s wanted or needed.
The fortunate few who earn income from their service, without relying upon a company, a boss, and the payroll department are those rare birds, who, if successful at it,
are typically some of the most self reliant among the species.
They are worth cultivating a friendship with, IMHO. They know things worth knowing.
There was a time not so long ago when none of this would have been considered, spoken of or even thought of, it was understood, you borrow, you repay. End of story.
Fuck off whiner, it is your degree, not mine!
Wanna pay for my new boat, didn’t think so…
My son and I were discussing this. I was quite surprised at his view since he doesn’t lean left at all.
“Fuck it! Let them have their loans paid off. I have no student loans (thanks parents!) but I’ll also have no Social Security and the way things are going I’ll never afford a house. Them getting bailed out does absolutely nothing for or against me.”
I really had no response because he isn’t wrong.
There is a very simple solution. These people should demand the schools wipe out their debts. They clearly taught them nothing of value and furthermore these schools are sitting on billions of dollars in endowments. Let the schools erase their debt.
A glaring omission: what was his original bachelor degree major, and what’s his MBA degree major?
The average student loan debt is now stated as $30,000. Not too long ago $15,000. Probably most are pretty small.
Not too much to pay off.
Where’s the meme?
The side by side one of two dudes in their mid-to-late twenties or early 30’s.
Jared wanted a job where he sits behind a desk. Be a boss of others, and use a computer. IT industry.
White collar. Getting dirty, grimey, or sweaty? That’s for the pick up driving, beer swilling troglodytes.
He’s got an indoctrinate degree from some large university, but also has a six figure student loan debt,
plus credit card debt to fund a lavish life style, keeping up with his homeboys. Auto loan debt, too.
Has no equity in a house, because muh latte’s every day, and so lives with his parents still,
hanging out in the basement-turned-bedroom, bitching online all day about the injustice of it all.
He thinks it’s beneath him to work a job paying $15 / hr. Mom cooks and cleans for him.
He also thinks Ryan is an idiot.
Ryan, for whatever reason, didn’t take the same path and go to university.
He went to trade school, and became a licensed electrician/welder/plumber/carpenter/etc.
First, he got his journeyman’s card, then became a master electrician or whatever skilled trades.
He learned to enjoy working with his hands, his brain, and initiative. Lives within his means.
Drives a reliable vehicle, but it’s 8 years old, and he stays on top of preventative maintenance,
so it remains reliable. It’s paid off, too.
Ryan pulls down $80k or more a year, because he busts his ass for 60 hours a week,
and knows how to handle money. He saves what little he can, and stretches a dollar wherever he can.
He bought a small starter home shortly after finding work and a regular income, and he’s made progress with all aspects of his debt, slowly but surely reducing it.
Whenever possible, he pays extra principle on his mortgage, to make progress getting out beneath
that mortgage loan debt as quickly as possible. He’s seen and understands a mortgage amortization schedule.
Wherever and whenever possible, he does a side job or two to supplement his income.
Sometimes it’s in the electrical field; other times, it’s helping his buddy who is a master carpenter,
by building decks or gazebos.
Ryan drinks black coffee from home, taken to work each day in a thermos.
He packs his own lunch while on the job, and cooks dinner at home. Reasonably healthy food, too,
because he knows the $12-15 fast food lunches will eat away a disposable income fast, and the
nutritional quality of it sucks.
Ryan also knows when to say no, when his buddies try and goad him into taking a guy’s trip to Vegas for kicks, where they’d easily blow 2-3 grand.
In Ryan’s other fields of interest, he learns from others HOW to do things for self sufficiency and to earn extra income. For example, any and all home improvement projects. He researches. He learns.
His checkbook is the LAST tool he’ll grab, when any given project upgrade or improvement would enhance the value of a house or a yard.
And yet, if a project is beyond his skill level, then the checkbook will be used to hire a professional,
who does it day in and day out. Ryan knows when to do so, but with research, he knows a fair price to pay for a pro when he needs one.
Jared is miserable, and protests a lot. Blames a lot. Worries a lot. Or, he simply doesn’t care anymore.
Ryan is reasonably happy. He’s aware the system has its faults, but he works to overcome them.
He’s always doing something, and it typically involves physical and mental effort to get through.
His few leisure activities are enjoyed, and he has no time to spend on social justice issues.
There are opportunities out there, but Ryan knows that he has to find them. He networks, with friends and co-workers. He is happy because his life has purpose. Goals. & he’s making progress.
Jared is a failure. He wants & expects someone to give him an easy job. He’s a loser, not a go-getter.
So how is this my problem or anybody elses? He took on the debt with no plan to be able to pay it back so now it’s up to everyone else to pay off his loans? Bite me twerp.
I wonder how many of these freeloaders already went out and spent the money they thought they were going to get out of paying? New cars, vacations, piercings and tattoo’s… all on credit. LOL
At 21 I decided to start my own business. I did not have a clue what I was doing, it was during the early 80’s recession, and got screwed by everyone I dealt with including the State Government. It was the worst 2 years of my life until I was able to get someone even more stupid than I was to buy it from me. I walked away being able to pay what I owed to my creditors, and pocketing nothing for 2 years of exhausting work 18 hr days 7 days a week. What I did get was a Masters Degree in real life, which served me well from that point onward. I would not have traded it for any degree.
Jarrett, 38, has $101,000 in student debt and was hopeful for Joe Biden’s loan forgiveness.
Well, Jarrett is a DUMB ASS, 101K for a so called education, and he doesn’t seem to understand
how basic loans work and doesn’t understand what powers a president actually has.
Life is tough, life is even tougher when you’re stupid Jarrett.
From ‘Animal House’ …
Dean Vernon Wormer: 0.2… Fat, drunk, and stupid is no way to go through life, son.
Fuck’em… Debtors prison, or maybe this intelligent idiot can become a plumber or something useful and make 6 figures. The good news for him is that with inflation going as it is, that $100K will be worth $10K in a few years and he can pay it off working at MikeyD’s for $60 an hour. These same morons think guaranteed minimum income will save them and not raise the price of everything by twice their monthly check in the mail or CBDC pooped into their FedNow account.
Full disclosure, I have a niece with $200K in debt that has a nearly useless BS in art. Her out is she had a breakdown and is no longer competent to work and pay the bill. She’s also a complete lunatic commie leftist. Thanks Monmouth U. It still boggles me how these institutions take the kids money like vulture capitalists and simultaneously indoctrinate them into communism… It’s like a communist payday lender, how does this square. Anyone with a clue, please explain, thanks.
These people believed the lie…just like those that took the vax. The indebted are fortunate, they can still move to another country and start over…they only took the money.